AUD/JPY – 30M – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 108.559 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 109.399 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Last Engulfing Top’ chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

109.399 – 109.638 – 109.525 – 108.559 – 108.688 – 109.016 —
109.22300 – 109.08100 —
41.614351002639 – 52.099288956558 —
– —
109.399 – 1770863400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Last Engulfing Top – – – – – – – – –